3 6 Ke·2026-01-16 11:44Core Viewpoint - Ford is reportedly in talks with BYD to procure batteries for some hybrid models, marking a significant shift in strategy as the company faces challenges in the electric vehicle (EV) market in the U.S. [1][2][4] Group 1: Ford's Strategic Shift - Ford recently canceled a multi-billion dollar partnership with LG Energy and is now exploring collaboration with BYD, which it previously viewed as a strong competitor [1][2] - The discussions with BYD are not finalized, and the specifics of the deal remain unclear, with potential battery imports for Ford's overseas factories in Germany, Spain, Thailand, and Turkey [2][4] - Ford's CEO has acknowledged BYD's leading position in the market and its impressive vertical integration capabilities, indicating a recognition of the need to adapt to the evolving landscape of the EV industry [4][10] Group 2: Challenges in the U.S. EV Market - Ford's electric vehicle sales have declined significantly, with a 14.1% drop year-over-year, contrasting with a 21.7% increase in hybrid vehicle sales [5][8] - The company is adjusting its strategy to focus more on hybrid vehicles, pausing production of its flagship electric truck and converting an EV factory in Tennessee to produce gasoline vehicles [8][9] - Ford anticipates a loss of approximately $19.5 billion (around 137.4 billion yuan) due to these strategic changes, which will impact its financial results [8][9] Group 3: Global Battery Market Dynamics - The global electric vehicle battery market is increasingly dominated by Chinese companies, with CATL and BYD accounting for over half of the market share [13][14] - Ford's interest in BYD's LFP (lithium iron phosphate) battery technology reflects a broader trend where Western companies are looking to leverage Chinese advancements in battery technology [12][14] - The global battery usage is projected to reach 1,046 GWh by 2025, indicating a robust growth trajectory in the electric vehicle sector [13]